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SOUTHEAST ASIA REPORT: Spread of COVID-19 Shuts Down Automobile Plants
Due to the spread of COVID-19, Japanese automobile OEMs have stopped production in Indonesia. Isuzu stopped operating its plants April 1, and Honda and Suzuki stopped April 13.
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RUSSIA REPORT: April 2020
Large Russian Automakers Resume Work After One Week Stop
Many automakers who suspended work March 30 in Russian, as ordered by the government to the reduce spread of the COVID-19 resumed work April 6. The firms including KAMAZ, AutoVAZ, GAZ Group, Mazda Sollers.
Maxim Sakov However, 98% of office personnel are working remotely. Started working YAMZ, Yaroslavl plant of diesel apparatus and some production lines of Likino bus plant. Procurement production of GAZ plant in Nizhny Novgorod is also working. Schedule of main production lines will be determined within a week depending on situation on suppliers’ plants. Read The Article
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INDIA REPORT, March 2020
Coronavirus Reduces India Auto Components
This article first appeared in the March 2020 issue of PowerTALK™ News
China is one of the leading suppliers of auto components to India, and this supply chain was significantly interrupted in Q1 2020 by the caronavirus. In 2018-19, components worth an estimated US$4.5 billion (out of a total of approximately $17 billion) were exported from China to India. Most of this trade is in electronic components, EGR modules, fuel injection pumps, turbochargers, meter sets, LEDs, magnets, airbag components, and steering system components.
Since the discovery of the Coronavirus in December 2019, this supply chain has been affected. The covid-19 pandemic has started taking a toll on components supply and automotive production in India. The situation is further amplified, as China has terminated all sea routes to other parts of the world.
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Brazil/South America Report
This report appeared in the March issue of PowerTALK ™ News
Coronavirus Jeopardizes Brazil AG Machine Production
Lack of components coming from China may be a problem because of work interruptions caused by the coronavirus. According to the Brazilian Machinery Builders´ Association (ABIMAQ), the risk of supply stoppages is high. The Chinese content of an Agricultural Machine produced in Brazil is estimated to be 10% to 15%, with higher concentration on electronics components.
Source: M&T / Globo…
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We Expect 2020 NA Overall OEM Production To Be Flat
This article initially appeared in the February 2020 issue of PowerTALK News.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Yosyf Sheremeta Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
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Thailand Auto Industry Brakes Sharply
This article initially appeared in the February 2020 issue of PowerTALK News.
THAILAND–Vehicles produced in Thailand are exported to the world, including Asia, Oceania, the Middle East and Europe. However, the automobile industry is in trouble because of the double punch of the global economy slowing down due to the US-China trade friction and the spread of the new coronavirus.
Akihito Komuro Exports, which account for half of Thailand's automobile production, where Japanese and other automakers such…
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Opel Bets on Russia
This article initially appeared in the February 2020 issue of PowerTALK News.
Opel is back in Russia, and the company appears to be betting the Russian market can provide a significant opportunity for business diversification.
Maxim Sakov In 2019, company sales declined as the business was reorganized, and Opel cut its model portfolio.
According to reports, 96% of Opel sales are concentrated in Europe. This fact has determined a focus point for sales increase. In 2022, Opel expects to be in 20 new export…
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New India Budget Disappoints Auto Industry
This article initially appeared in the February 2020 issue of PowerTALK News.
Source: Business Today Read The Article
Ritvik Kulkarni PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.
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Colombia 2019 Car Sales Increase
This article initially appeared in the February 2020 issue of PowerTALK News.
Fabio Ferraresi Despite the poor performance of auto sales in Latin America countries such as Mexico and Argentina, Colombia keep growing sales of cars as Brazil, with 2.7% growth with 263,700 units in 2019. Colombia also leads in EV/HEV sales gains. The forecast for 2020 is that sales will continue growing at the same rate.
Source: Andemos Read The Article
PSR Analysis: Pent up demand for vehicles…
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2019 Tokyo Motor Show
The Tokyo Motor Show was a major event that attracted 2 million people from the 1980s to the 1990s, but in recent years the number of visitors has decreased and the last exhibition in 2017 drew only 770,000 attendees.
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